Reputable Coffee Shop For Sale
- Asking Price: £85,000 +SAV
We are advised the business generated a turnover of circa £250,000 as of 2021, further financial information can be made available upon request.
Please quote reference B06940
- Tenure: Leasehold
Please quote reference B06940
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Coffee by the Arch which is a well-established Coffee Shop / Cafe / with a renowned reputation amongst local residents. This is a superb opportunity to take on a popular, profitable and well used local business in an area teeming with customers.
There has been a café business at this site for some years. The current owners took over the business at the beginning of 2020 and it has flourished under their ownership accruing an impressive number of regular customers and a burgeoning reputation. The business has been a real labour of love for them and they have succeeded in their dream of taking the business upmarket and making this the best coffee shop in the city.
The business is now being sold, albeit reluctantly and with a heavy heart only due to the owners wishes to pursue a change in direction and move to sunnier climes. . They are keen to see their beloved coffee shop / café pass to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level
Coffee by the Arch enjoys a great reputation and has an impressive number of regular customers many of whom are known on a first name basis by the owners who are popular and well respected members of the local community.
The business serves traditional fare that is freshly prepared on the premises using local ingredients wherever possible. The menu includes
- Hot and cold drinks ( best coffee in town reputedly!)
- Homemade cakes and pastries
The sale will include the company Facebook page and the business enjoys great visibility on the internet via websites such as www.tripadvisor.co.uk, www.yell.com, www.yelp.co.uk etc.
The business benefits from some wonderful reviews online such as;
“Friendly staff, nice coffee, dog friendly, provided a water bowl for our dog”
“Always yummy food, great coffee and efficient service”
“Really good cup of coffee and some cracking cakes on offer.
Scope to Improve
- Advertising and marketing campaign
- Website, ideally with an online ordering facility
- Extend the opening hours perhaps opening as a bistro in the evenings
- Introduce a customer loyalty card/ scheme
- Explore online delivery options from the likes of Just Eat and Hungry House
- Expand the outside catering side of the business
- Introduce a sandwich round delivering to local businesses at lunchtime.
- A well established business with an enviable reputation and many existing customers
- Prime trading position in the centre of Lincoln with loads of footfall
- All fixtures and fittings included making this a real Turnkey business opportunity
- Ideal owner managed or partnership business
- Low running costs with inexpensive rent and no business rates
- Current owners happy to offer a handover to ensure the continued success.
Very rarely do coffee shops of this calibre come to the open market so early enquiry is highly recommended.
This lovely little business is likely to attract considerable interest.
The business is run and managed by the owners, with the help of 2 full-time, 1 permanent part-time and a number of casuals staff.
The business trading hours are:
Monday : Closed
Tuesday to Saturday: 08:00am - 17:00pm
Sunday - 10:00am - 16:00pm
Coffee by the Arch is located in Lincoln.
Lincoln is a cathedral city and the county town of Lincolnshire. The 2011 census gave the urban are of Lincoln a population of 115,000.
Lincoln is 157 miles north of London. The city lies on the A57, A46, A15 and A158 roads.
The city has a railway station and provides services, from its 5 platforms to Newark, Sheffield, Leeds, Nottingham, Grimsby and Peterborough. Eastern Railways runs services to London Kings Cross.
The city is a tourist centre for visitors to historic buildings that include the cathedral, the castle and the medieval Bishops Palace. Lincoln Castle is just a stone’s throw from the business with the entry arch to Old Town just visible from the front of the premises.
The business is ideally situated in an unusually busy and vibrant tourist area in arguably the best trading position in Upper Lincoln and thus benefits from high levels of footfall and passing trade along with regular custom.
The business is beautifully presented and maintained with clear visible signage and distinctive livery. The site is easily accessible by foot and there are a number of inexpensive public car parks within easy walking distance.
The business occupies the ground floor of an attractive, period style property. It is beautifully presented and fastidiously maintained and briefly comprises;
Double fronted with windows and half glazed door to front creating a light airy and inviting interior, pleasing upmarket feel with expensive looking wood effect flooring, feature pendant lighting, breakfast bar with high stools, leather effect sofa, nice quality tables and chairs currently providing approximately 12 covers, tongue and groove panelling to dado height, feature brick effect wall paper, larder fridge, refrigerated glass serve over counter, open drinks chiller, top of the range La Spaziale coffee machine (owned outright), grinder, stainless steel urn
WC and Storeroom located to the rear of the trading area.
To the front of the premises is a large dining area (pavement licence included) with tables and chairs providing 28 covers.
We are advised the business is being sold on a Leasehold basis with 2.5 years remaining on the Lease, the rent is £7,764 which is incredibly reasonable given the size and location of the premises.